Illinois’ pension funds invested in risky, alternative investments
Illinois’ pension funds invested in risky, alternative investments
Nearly 38 percent of Illinois Teachers Retirement System assets are in so-called alternative investments.
Nearly 38 percent of Illinois Teachers Retirement System assets are in so-called alternative investments.
The average income of taxpayers who leave Illinois is $20,000 more than the taxpayers who arrive here.
The industry giant’s move comes amid continued disinvestment in Illinois manufacturing.
While Chicago-area taxpayers struggle under a heavy tax burden, lawmakers – who continue to ignore reforms the state desperately needs – are now on a two-week vacation.
The legislation would prohibit airlines from “involuntarily removing” seated passengers, and the state from doing business with airlines that do.
Illinois House Speaker Mike Madigan reportedly uses his large quantity of Cubs and White Sox tickets as gifts for his political volunteers, but his history with professional sports teams in Chicago isn’t so generous.
Teachers seeking union representation in the Noble Network of Charter Schools may want to think again. Unions cause more harm than good for both students and teachers. The Chicago Teachers Union provides an up close and personal look at the disastrous impact unions would have on charter schools.
About two-thirds of state revenue comes from income and sales taxes.
Chicagoans have been burdened with a slew of new taxes and the full damage has yet to be felt. A state income tax hike, like the one proposed in the Illinois Senate’s so-called “grand bargain,” would only further harm struggling Chicagoans.
In exchange for more than $112 million in tax breaks, Amazon promised to expand its Illinois operations and hire 7,200 new employees in Aurora, Monee and Joliet.
Senate Bill 9 would apply a 6.25 percent sales tax to laundry, dry cleaning, storage units and parking garages, among other services.
Fifteen counties in the southernmost part of Illinois lost population from July 2015 to July 2016, fueled by significant domestic migration.